PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) Sees Large Growth in Short Interest

PICC Property and Casualty Company Limited (OTCMKTS:PPCCY) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 6,800 shares, an increase of 33.3% from the March 31st total of 5,100 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is currently 2.8 days.

PICC Property and Casualty Price Performance

PPCCY stock remained flat at $32.47 during trading on Monday. 157 shares of the company traded hands, compared to its average volume of 1,609. The firm has a fifty day moving average price of $33.23 and a 200 day moving average price of $31.04. PICC Property and Casualty has a 1-year low of $25.85 and a 1-year high of $35.60.

PICC Property and Casualty Company Profile

PICC Property and Casualty Company Limited, together with its subsidiaries, operates as a property and casualty insurance company in the People's Republic of China. It operates through Motor Vehicle, Accidental Injury and Health, Agriculture, Liability, Commercial Property, and Others segments. The company offers accidental injury and medical expenses, short-term health, homeowners, special risk, marine hull, construction, household property, cargo, credit and surety, accidental injury, and other insurance products.